SCHEDULE 2 Schemes Providing for the Initial Transfers

SCHEDULE 2 Schemes Providing for the Initial Transfers

Section 4

Making and modification of schemes

1

(1)     Each of the water authorities shall make a scheme under this Schedule for the division of all their property, rights and liabilities between their successor company and the Authority.

(2)     Where a scheme under this Schedule is made by a water authority it shall not take effect unless it is approved by the Secretary of State.

(3)     Where a scheme under this Schedule is submitted to the Secretary of State for his approval, he may modify the scheme before approving it.

(4)     If—

(a)     a water authority fail, before such time as may be notified by the Secretary of State to that water authority as the latest time for the submission of a scheme under this Schedule, to submit such a scheme for the approval of the Secretary of State; or

(b)     the Secretary of State decides not to approve a scheme that has been submitted to him by a water authority (either with or without modifications),

the Secretary of State may himself make a scheme under this Schedule for the division of that water authority's property, rights and liabilities between

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